Ray Dalio announces his resignation from Bridgewater Associates
Ray Dalio announces his resignation from Bridgewater Associates
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Ray Dalio announces his resignation from Bridgewater Associates

By Eliano Martellucci - 5 Oct 2022

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Most enthusiasts will be bitterly disappointed by this news, but Ray Dalio has officially announced his resignation from Bridgewater Associates.

Ray Dalio resigns from his hedge fund

In a thread consisting of no less than 11 parts, Ray Dalio thus announces his resignation from Bridgewater Associates.

Ray Dalio founded Bridgewater Associates in 1975. A full 47 years of history that has led him to be the largest hedge fund in the world. It currently manages assets worth about $150 billion

In the second part of the thread, some thoughts dedicated to the origins of his journey could not be missed, which are shared with a little note of nostalgia:

An empire built from scratch, started thanks to the commitment and dream of three people in those two bedrooms, which led it to be the reality it is today. A reality that boasts an international team of as many as 1,300 people

After a wonderful career spent at the reins of Bridgwater, Dalio has finally found his successors. 

That leaves the two historic CIOs, Bob Prince and Greg Jensen, in whom Ray Dalio places much esteem and affection. 

The two co-CEOs, who are in charge of the business area, will be Mark Bertolini and Nir Bar Dea, who said in an interview:

“Ray no longer has the final word. That’s a big change.”

What is most interesting is that Ray Dalio, when mentioning his successors with great support, is referring to the next generation that will be responsible for driving innovation at the world’s largest hedge fund

He defines this great moment of transition as:

“the culmination of a 47-year journey.”

The future vision placed in Bridgewater Associates

The goal is to find new lifeblood by transferring the task of management to the next generation of leaders and investors. 

He has relinquished control and his role as chairman, but still remains on the board with a new title: founder and Chief Investment Officer (CIO) mentor.

A really good vision from Ray Dalio, who despite relinquishing control, remains in the life of the hedge fund for a while longer. He will be a figurehead for the new management and will continue to instill advice based on his long experience.

A successful career behind him earns him the depth and respect he deserves. He will continue to do what he loves and has always loved, so much so that he emphasizes it in his thread:

Few words, but effective, like the last sentence that reads:

“That’s a dream come true.”

Just yesterday, a video was posted on YouTube, shot on the occasion of the 40th anniversary, highlighting the solid principles on which Raymond’s ideology is based and which have helped shape the entire history of Bridgewater Associates:

Last but not least, Ray Dalio invites to read a letter dedicated to him by his successors and closest friends.

All this makes Dalio a truly respected and respectable person who can make Bridgewater feel like a second family. 

In this regard, his last words to Bloomberg during a statement cannot be missed:

“It’s the most beautiful thing to see. Bridgewater is my extended family, and now my family is well without me. It’s a joy. They’re strong.”

Eliano Martellucci

Eliano has a bachelor's degree in Economics and Business Administration and is about to complete his master's studies in Finance at the University of Trento (UNITN). He got hooked on the crypto and blockchain world during the summer of 2017 and has not left it since then. He currently works as editor & SEO specialist at Cryptonomist, writes articles and invests, both in Blue Chip and early stage assets. Furthermore, he is working on his latest thesis project entitled: "A Study on crypto market Sentiment Analysis through Machine Learning algorithms in python."

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